Summary: Mad PotCoins Bit Terrorists (2014-07-13)
This episode covers updates regarding the Potcoin ecosystem, market predictions, and addresses current events concerning marijuana legalization and Bitcoin security fears.
1) Main Topics Discussed:
* Potcoin Development: Announcement of the official Potcoin marketplace launching on the following Friday (July 18th), allowing fiat (PayPal) and Bitcoin purchases.
* Market Predictions: The speaker predicts significant volatility for Potcoin, anticipating major gains against both Bitcoin and the US dollar before the end of the year.
* Colorado Marijuana Market: Discussion of the growing recreational marijuana economy in Colorado, noting high tourist consumption and tax revenue generated by the state.
* Bitcoin Security Concerns: Addressing fears that terrorist groups could use Bitcoin to fund global jihad, arguing that Bitcoin's complexity makes it unsuitable for such use.
2) Key Quotes:
* "I predict one pot will be about 10 cents and a bitcoin at $1,500."
* "Bitcoin is still complicated, and that's why it hasn't gone fully mainstream yet."
* "If people really want to be afraid of something, they should be afraid of the dollar, since that's the most useful currency for terrorism."
3) People Mentioned:
* The Potcoin team (general group).
* Colorado residents/tourists (general groups).
4) Bitcoin Price:
* $1,500 (Predicted price).
* Note: The current price of Potcoin was stable between 16 and 17 micro bits or near one penny.